Can I retire at age 70 with 477,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$39,390$39,039$38,697$38,363$38,037$37,813
2 years$19,500$19,137$18,785$18,444$18,113$17,887
3 years$12,871$12,506$12,155$11,817$11,491$11,271
4 years$9,557$9,193$8,846$8,514$8,196$7,982
5 years$7,569$7,208$6,865$6,539$6,230$6,024
6 years$6,244$5,886$5,548$5,229$4,930$4,731
7 years$5,298$4,943$4,610$4,299$4,009$3,818
8 years$4,589$4,237$3,910$3,607$3,326$3,142
9 years$4,038$3,689$3,368$3,072$2,801$2,625
10 years$3,597$3,252$2,936$2,648$2,387$2,218
11 years$3,237$2,895$2,585$2,305$2,053$1,891
12 years$2,937$2,598$2,294$2,022$1,779$1,625
13 years$2,683$2,348$2,049$1,785$1,551$1,404
14 years$2,466$2,134$1,841$1,584$1,360$1,220
15 years$2,278$1,950$1,663$1,413$1,197$1,064
16 years$2,113$1,789$1,507$1,265$1,058$932
17 years$1,968$1,647$1,372$1,137$938$818
18 years$1,840$1,522$1,252$1,024$834$721
19 years$1,725$1,411$1,146$926$743$636
20 years$1,621$1,311$1,052$838$664$562
21 years$1,528$1,221$968$761$594$498
22 years$1,443$1,140$892$692$533$442
23 years$1,366$1,066$823$630$478$393
24 years$1,295$999$762$575$430$349
25 years$1,230$937$705$525$387$311
26 years$1,170$881$654$480$348$277
27 years$1,114$829$607$439$314$247
28 years$1,063$781$565$402$283$221
29 years$1,015$737$525$369$256$197
30 years$971$696$489$339$231$176
31 years$929$658$456$311$209$157
32 years$891$623$426$286$189$141
33 years$854$590$398$263$171$126
34 years$820$559$371$242$155$113
35 years$788$530$347$223$140$101
36 years$758$503$325$205$127$90
37 years$729$478$304$189$115$81
38 years$702$454$285$174$104$72
39 years$676$432$267$161$95$65
40 years$652$411$250$148$86$58
41 years$629$391$234$137$78$52
42 years$607$372$220$126$71$47
43 years$587$355$206$116$64$42
44 years$567$338$194$107$58$38
45 years$548$323$182$99$53$34
46 years$530$308$171$92$48$30
47 years$513$294$161$85$44$27
48 years$496$280$151$78$40$24
49 years$481$268$142$72$36$22
50 years$466$256$133$67$33$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $477,000, adding $2,869 every year, while hoping to spend $23,847 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/10/25 Blend
69$477,000$477,000$477,000$477,000
70$528,613$503,332$495,939$559,348
71$557,159$502,623$487,180$579,712
72$587,817$501,079$477,328$599,029
73$620,777$498,635$466,322$619,604
74$656,250$495,221$454,097$641,563
75$694,463$490,763$440,584$665,046
76$735,669$485,181$425,715$690,207
77$780,145$478,392$409,414$717,215
78$828,194$470,308$391,604$746,260
79$880,152$460,835$372,205$777,551
80$936,385$449,874$351,131$811,317
81$997,297$437,319$328,295$847,815
82$1,063,333$423,058$303,604$887,328
83$1,134,980$406,975$276,962$930,167
84$1,212,775$388,944$248,267$976,678
85$1,297,309$368,833$217,415$1,027,244
86$1,389,232$346,503$184,296$1,082,287
87$1,489,258$321,807$148,794$1,142,274
88$1,598,174$294,587$110,791$1,207,720
89$1,716,845$264,679$70,160$1,279,197
90$1,846,224$231,910$26,771$1,357,334
91$1,987,359$196,093$0$1,442,829
92$2,141,404$157,036$0$1,541,659
93$2,309,628$114,532$0$1,657,425
94$2,493,430$68,363$0$1,783,957
95$2,694,348$18,302$0$1,922,332
96$2,914,078$0$0$2,073,738
97$3,154,485$0$0$2,243,435
98$3,417,623$0$0$2,431,413
99$3,705,754$0$0$2,637,278
100$4,021,371$0$0$2,862,813